BURY manager Chris Casper's transfer budget for next season will remain the same despite the club being set to make around £1.25million from David Nugent's transfer from Preston to Portsmouth.

FORMER Bury striker David Nugent has given the Shakers a much needed cash injection

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BURY manager Chris Casper's transfer budget for next season will remain the same despite the club being set to make around £1.25million from David Nugent's transfer from Preston to Portsmouth.

The cash windfall, sparked by a sell-on clause in the ex-Bury player's Preston contract, will be pumped into other areas of the club.

Bury director Ian Harrop said: "It is a massive windfall for the club which should ensure our security for a good few years to come.

"The windfall will be used to benefit the club as a whole.

"The budget for players has already been set this season. There is no way the directors will be handing Chris or director of football Keith Alexander an open cheque book.

"We want to invest in the youth system to try and find the next David Nugent and we want Bury to be as attractive as possible to youngsters.

"We're also looking to pay off our mortgage so we actually own our own ground rather than it being owned by a third party."

The Gigg Lane mortgage is understood to be around £700,000.

But, due to the staggered nature of Nugent's £6million move to Fratton Park, Bury's sell-on clause money is set to arrive in four separate payments - running in conjunction with the player's four-year Portsmouth contract.

The first payment, believed to be around £300,000, will be paid when Portsmouth receive a television rights cash injection from Sky in mid-August.

Harrop said: "It's unfortunate we will not be able to pay off the mortgage in one fell swoop but as a club we are relatively debt free."

Bury could continue to cash in on Nugent even after the £1.25million has been paid in full as the club are understood to have further incentive clauses in the player's contract which could ensure future payments, depending on international and Premiership appearances, future sell-on fees and promotions.